Public Finance Quarterly

FOCUS

UNCERTAINTY, RISK, VOLATILITY


József Móczár: Ergodic Versus Uncertain Financial Processes. Part I: Ergodic Hypothesis and Uncertainty in Financial Theory

Zoltán Zéman: The Risk-Mitigating Role of Financial Controlling at Local Government Entities. Modelling Profitability and Liquidity Aspects

Fatima Rehman - Yasir Kamal - Saif Ul Amin: The Relationship Between Idiosyncratic, Stock Market Volatility and ExcessStock Returns

Éva Pálinkó - Tamás Tóth: Efficient Bankruptcy and Reorganisation in Domestic Practice


STUDIES


Waqas Amin - Fengming Qin - Abdul Rauf - Farid Ahmad: Impact of Mfis Outreach on Profitability. The Case of Latin America

Szilvia Simon - Péter Kresalek: The Necessity and Characteristics of Concern Analysis

Nijat Huseynov: The Classification of Public Expenditure in Post-Soviet Union States and OECD Member Countries


DISPUTE


László Szakadát: Market Versus State: in Theory and in Practice. Thoughts on The "Keynes and Hayek" Book Review of Katalin Botos

József Banyár: Could Fiscalisation Really Solve the Problems of the Pension System?